The Securities and Exchange Commission’s revolving door is spinning as feverishly as ever. Lawyers who leave the SEC for private law firms often immediately begin lobbying on behalf of their new corporate clients, frequently trying to weaken agency regulations or proposed reforms, according to a new report. The issue of top officials leaving the agency has been a concern for years in public-advocacy circles. It is common for young lawyers to put in a few years at the SEC or other government agencies before leaving for far more lucrative jobs in private industry or with high-powered law firms. Among the concerns: that erstwhile SEC staffers will use their personal connections or...

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The Securities and Exchange Commission’s revolving door is spinning as feverishly as ever.
Lawyers who leave the SEC for private law firms often immediately begin lobbying on behalf of their new corporate clients, frequently trying to weaken agency...